The Asian Development Bank (ADB) is optimistic about the growth of the Lao economy amid the Covid-19 crisis and lockdown measures imposed to contain the spread of the Coronavirus. According to the ADB’s Asian Development Outlook (ADO) 2021, which was unveiled on Wednesday, the Lao economy is projected to grow at 4.0 percent in 2021 […]
Read MoreMajority Lao state-owned power generation firm, EDL-Generation Plc (EDL-Gen), is seeking strategic private partnerships in neighbouring countries to boost its total capacity by 25% to fulfil growing regional energy demand. It plans to increase its capacity to 2,435 megawatts by 2029 from 1,949MW currently. The additional capacity will come from hydroelectric power plants currently in […]
Read MoreThe Export-Import Bank of Thailand has thrown a credit lifeline to small Thai businesses in CLMV countries that have been hit by the pandemic as well as the crisis in Myanmar. EXIM Thailand is offering the SMEs a 3-year credit facility of up to THB20 million at 3.99 per cent interest per annum. Meanwhile, its […]
Read MoreVientiane (VNA) – Lao Prime Minister Phankham Viphavanh has ordered a lockdown on the capital of Vientiane since 6am on April 22 in the wake of increasing COVID-19 cases. The lockdown will be in place until May 6. Travel from Vientiane to other provinces and from other provinces to the capital is prohibited, except for permanent residents of the capital who […]
Read MoreA Chinese company has signed an agreement with Lao authorities to study the prospects for development of 5,000 hectares of land in southern Laos’ Attapeu province, raising concerns among residents that investors will take more land over time, destroying local livelihoods, Lao sources say. The Memorandum of Understanding (MoU) signed on April 7 allows China’s […]
Read MoreAddressing financial affairs, particularly public debt and financial leaks, is one of the seven urgent issues that the government will tackle over the next five years. Newly-elected Prime Minister Phankham Viphavanh highlighted the seven concerns when presenting a draft of the 9th five-year National Socio-Economic Development Plan for 2021-25 and State Budget Plan for 2021-25 […]
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